Since entering 2026, with the decline in the price of $BTC, the mining difficulty of Bitcoin has decreased by 15%. If calculated from the peak in November 2025, the mining difficulty has decreased by 19.4%. This also indicates that as prices drop, some miners have begun to struggle, especially I have heard that some miners in the United States have started to transition to data centers, partly due to rising electricity costs in the US, and partly because of the higher demand for AI data centers.

Globally, 2026 will undoubtedly be a year of electricity competition, as electricity is the foundation of computing power. This is an additional blow to Bitcoin, which is already facing declining prices. I have heard that some miners' manufacturers are also having a tough time now, with new machines being sold at discounts, and the market for second-hand machines is in complete chaos.

The control over mining in Xinjiang is still very strict, and Africa has become an inspection site for many miners. It is very likely that in 2026 a batch of miners will be wiped out.

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